Well i says, some early birds and insufferable “
Post# of 82672
Well, that’s okay. Their blind fear Market sell orders caused Stop-Loss orders to get hit all the way down: .015. .0125, .01, .0075,.005, etc. After that it was a free-for-all. People who believe in the deals and Blocksafe Technologies snapped up almost 200M shares — nearly 8% of the OS. Volume like we have never seen. Now, we can’t know who all was/were selling, but that’s a big chunk of shares now in stronger hands.
And IMHO, a legal set-back was largely priced in before this news. Nobody can say the orals went ‘swimmingly’; yet we were hanging above .015 for 2 weeks. The sell off Tuesday was a specific demographic that had already decided to sell — at any price — if things didn’t go their way with the Appeal decision. Well, God Bless ‘Em, they stuck to their guns. And now, nearly 200 million shares are in firmer hands.
I see .008 very soon, and .01 soon after. This may be the fastest double most of us have ever seen.